[Licensed-to-Kill] Company Holds 1st Annual Meeting of Stockholders - Part I

[Licensed to Kill, Inc]

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LICENSED TO KILL, INC HOLDS 1st ANNUAL MEETING OF STOCKHOLDERS
             Meeting Marks One Year Anniversary of
            World=92s 1st Truthful Tobacco Corporation
**************************************************************

A year ago, Licensed to Kill, Inc, a tobacco company with the explicit
purpose of =93manufacturing and marketing tobacco in a way that each year
kills over 400,000 Americans and 4.5 million other persons worldwide=94
was incorporated in the Commonwealth of Virginia.

On Wednesday, April 28, 2004, our company held its first meeting of
=93stockholders=94 in East Hanover, NJ. The meeting fell one day before the
annual meeting =96 also in East Hanover, NJ =96 of our company=92s chief ri=
val
and fellow Virginia-based corporation, Altria Group, the world=92s largest
multinational tobacco company. Read on for the full report!


LARGE NUMBER OF "STOCKHOLDERS" ATTEND L2K MEETING

Over 150 "stockholders" attended Licensed to Kill's first meeting of
stockholders, held in the Garden Ballroom of the Ramada Inn in East
Hanover, NJ. Security was tight, with each attendee required to show an
admission ticket and a copy of their "stock certificate" before guards
would admit them into the meeting. View a copy of the stock certificate:

http://www.licensedtokill.biz/events/annualmtg2004/stock.jpg

Upon entering the meeting space, "stockholders" were given "I'm Proud to
be a Licensed to Kill Stockholder" stickers to wear and greeted by sexy
cigarette girls holding Licensed to Kill cigarette packs.
http://www.licensedtokill.biz/photos/annualmtg2004/nyscD.jpg

The room was filled with decorations to mark the big event, including a
small coffin filled with Licensed to Kill cigarette packs, poster-size
photos of the company's deadly line of cigarette brands, a pyramid of
giant Licensed to Kill cigarette packs, and the great "logos and
stripes" of the "United Corporations of America" flag. One nation under
Mammon.
http://www.licensedtokill.biz/photos/annualmtg2004/nyscZj.jpg

Corporate displays set up around the room gave Licensed to Kill
"stockholders" the opportunity to learn more about the company's
products, promotional campaigns, business strategies, and philanthropic
efforts, such as:

Licensed to Kill's "Need a Babysitter?" public relations campaign
http://www.licensedtokill.biz/photos/annualmtg2004/dcawB.jpg

Licensed to Kill's Strategies to Increase Sales to Youth
http://www.licensedtokill.biz/photos/annualmtg2004/dcawA.jpg

"L2K World," a new Licensed to Kill theme park featuring fun for the
entire family in a free smoking environment!
http://www.licensedtokill.biz/photos/annualmtg2004/dcawD.jpg

Forlorn Faces Orphanage. At Licensed to Kill, "We don't just build the
orphanage, we fill it too!"
http://www.licensedtokill.biz/photos/annualmtg2004/dcawC.jpg

Licensed to Kill "stockholders" also had the unique opportunity to
mingle with company executives, directors, and new directors up for
election preceding the official start of the meeting. Here's a photo of
one young "stockholder" talking with Altria director (and L2K
director-elect) Thomas W. Jones:
http://www.licensedtokill.biz/photos/annualmtg2004/nyscC.jpg


LICENSED TO KILL ANNUAL MEETING OF STOCKHOLDERS

1. CALL TO ORDER

Licensed to Kill CEO Rich Fromdeth opened up the meeting with a brief
welcome and opening comments. He told the sea of "stockholders" that as
a resident of New York -- a state that is regrettably "smoke-free" -- it
is a pleasure to be in New Jersey, a state where one may "smoke
freely."  Tobacco smoke, said Fromdeth, is "music to my nostrils"!
http://www.licensedtokill.biz/photos/annualmtg2004/nyscK.jpg
http://www.licensedtokill.biz/photos/annualmtg2004/nyscF.jpg

View the meeting agenda:
http://www.licensedtokill.biz/events/annualmtg2004/program.pdf


2. BUSINESS PRESENTATION

Licensed to Kill's CEO Rich Fromdeth and Senior Vice President of
Corporate Communications Corrie "Core" Prutspin then presented a
detailed overview of the company's activities in the last year.
http://www.licensedtokill.biz/photos/annualmtg2004/nyscE.jpg
http://www.licensedtokill.biz/photos/annualmtg2004/nyscY.jpg

The two corporate execs first reiterated the company's purpose, which
is: to manufacture and market tobacco products in a way that each year
kills over 400,000 Americans and 4.5 million other people worldwide.

The company got off to a rocky start last year, when a bunch of annoying
teenagers held a demonstration in front of Virginia's state capitol to
denounce the state's incorporation of Licensed to Kill.
http://www.essentialaction.org/tobacco/photos/LtK030423/ea013.jpg

Soon after, Licensed to Kill received a letter from Virginia's Assistant
Attorney General asking the company to clarify what its business is
about. The Assistant Attorney General noted that, "while the State
Corporation Commission is not tasked with policing the intent of a
corporation, this office is concerned with the safety and welfare of the
citizens of the Commonwealth.  Certainly it would be inadvisable for
your corporation to engage in unlawful conduct in Virginia."
View full letter: http://www.licensedtokill.biz/collins030522.pdf

Licensed to Kill sent a response to the Assistant Attorney General,
asking whether she had "sent similar letters to the directors of other
tobacco companies that are already killing thousands of Virginians each
year?  Or, may I assume that your concern with respect to Licensed to
Kill will disappear if our company decides to manufacture and market
tobacco products in the same manner as those other companies?" The
company received no response.

The great thing about a limited liability corporation such as our own is
that the owners of the company (stockholders) cannot be held legally
responsible for the damage caused by the company.  If you own a lemonade
stand and your lemonade makes a bunch of people sick, you can be held
legally liable for the damages you cause to them.  However, if you
incorporate the lemonade stand, then the corporate law says you (as
owner and stockholder) cannot be held liable. This allows you, our
wonderful stockholders, to focus on the money we are making you (not the
"wellbeing" of our company's loyal, er addicted, wheezing, cancer-ridden
customers!)
http://www2.tntech.edu/career/lemonade%20stand.gif

Yes, we may have gotten off to a rocky start, but luckily those in the
business world were quicker to recognize the legitimacy of our company.
Soon after we were incorporated, we began receiving free copies of the
Wall Street Journal -- apparently a special perk for Virginia
corporations!
http://www.licensedtokill.biz/photos/bizreport2004/wsj.jpg

We also got a letter from the Virginia Department of Business Assistance
(DBA) with the headline "Virginia is Open for Business." "Whether you
are a new business or just new to Virginia, there is an important
resource to help your business...and it is free. The Virginia Department
of Business Assistance (DBA) is the state's economic development agency
devoted to the growth and success of the Commonwealth's existing
business..."
http://www.licensedtokill.biz/photos/bizreport2004/vaopenforbiz.jpg

And we began receiving numerous applications for business credit cards,
such as:

Capitol One
http://www.licensedtokill.biz/photos/bizreport2004/CapitolOne.jpg

American Express
http://www.licensedtokill.biz/photos/bizreport2004/AmericanExpress.jpg

Fleet
http://www.licensedtokill.biz/photos/bizreport2004/Fleet.jpg

Citibank/American Airlines
http://www.licensedtokill.biz/photos/bizreport2004/citi.jpg

American Express even offered us a $75 annual fee waiver.  Not a bad
deal in the state of Virginia.  With that amount of money, we could
incorporate another company! (Note: $75 was the amount paid to
incorporate Licensed to Kill)
http://www.licensedtokill.biz/photos/bizreport2004/AmericanExpress2.jpg

We also received an application form from MEGA Life and Health Insurance
(perhaps not the best business move on their part).
http://www.licensedtokill.biz/photos/bizreport2004/MegaLife2.jpg

...as well as subscription appeals for various magazines, such as:

Harvard Business Review
http://www.licensedtokill.biz/photos/bizreport2004/HarvardBizRvw.jpg

Business Week
http://www.licensedtokill.biz/photos/bizreport2004/BusinessWeek.jpg

A company in China that manufactures cigarette lighters even contacted
us about ordering some customized ware.  Here is a sample Licensed to
Kill lighter they sent us by DHL
http://www.licensedtokill.biz/photos/bizreport2004/lighter.jpg
http://www.licensedtokill.biz/photos/bizreport2004/lighter2.jpg
http://www.licensedtokill.biz/photos/bizreport2004/lighter3.jpg


* OUR DEADLY BRANDS *

Most of our time this year has been spent raising awareness of our
deadly brands, such as:

Global Massacre - "Millions Sold, Millions Dead"
http://www.licensedtokill.biz/products/GlobalMasspack.jpg

Licensed to Kill - our namesake brand
http://www.licensedtokill.biz/products/L2Kpack3.jpg

CHAIN - "Smoke CHAIN and become a CHAIN smoker!"
http://www.licensedtokill.biz/products/CHAINpack.jpg

One of our newest brands, for the African-American market segment, was
launched on Goree Island in Senegal earlier this year:

SLAVE - "You used to Pick It, Now you Smoke It!"
http://www.licensedtokill.biz/products/SLAVE.jpg

L2K's Senior VP of Global Marketing Virginia Slime strikes a pose at the
launch
http://www.licensedtokill.biz/photos/wafrica2004/008aw.jpg

L2K's Managing Dtr for Francophone Africa, Rich Grassalamort at the
infamous "Door of No Return"
http://www.licensedtokill.biz/photos/wafrica2004/011aw.jpg

One of the most exciting and potentially lucrative business developments
for Licensed to Kill this past year was its expansion into Nigeria,
Africa's most populous country. In February, our company held a well
-attended press conference at the National Press Centre in Lagos.
http://www.licensedtokill.biz/photos/wafrica2004/150rc.jpg

At the press conference, we launched a public relations campaign called
"Proudly Killing Nigerians," and a new cigarette brand "weak organ."
http://www.licensedtokill.biz/photos/wafrica2004/175kd.jpg

[Short video of press conference screened.  To order a copy, send an
email request to <tobacco@licensedtokill.biz>]

Our marketing department will now unveil to you two of our favorite
television ads for our products:

[Advertisement for "WOMD" cigarettes featuring soldiers marching in line
and then a voice over announcing that Licensed to Kill would be shipping
free poison puffs to the troops in Iraq]

[Advertisement for "SLAVE" cigarettes featuring a person so addicted to
cigarettes that the relationship between cigarette and smokers is like
that of slave and master.  The smoker sits, rolls over, and obeys other
commands while salivating for a cigarette held in front of her.
http://www.licensedtokill.biz/photos/annualmtg2004/nyscZh.jpg]


* FOOD *

While we started out solely focused on tobacco products, we have decided
to take a clue from one of our main competitors and dabble a bit in the
food sector, e.g. ImBalance Bars, GOREO Cookies, sTang Drink, HoneyTomb
Cereal, and ADENOID Mints
http://www.licensedtokill.biz/photos/bizreport2004/adenoids.jpg

-- to be continued --